Goodman's GAIF makes good by Lachlan Hibbert-Wells : Wednesday, April 08, 2009 The Goodman Group has announced that the Goodman Australia Industrial Fund has sold a facility in Queensland on a passing yield of 6.4%.
The facility at Queensport Quays Business Park sold to a private investor for $8.2 million.
The building is currently leased to NHP Electrical Engineering Products P/L until July 2015 and consists of a total net lettable area of 4820 sqm.
The office and warehouse is situated within Queensport Quays Business Park at Murarrie in Queensland.
Queensport Quays is located within Metroplex next to the Gateway Bridge and has convenient access to the Brisbane CBD, Brisbane Airport and the Port of Brisbane.
According to GAIF, the fund has successfully targeted areas of the market currently experiencing strong investor activity, which has resulted in the Queensport Quays’ sale achieving a price above book value.
GMG Price at posting:
31.8¢ Sentiment: Hold Disclosure: Held
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